Bank Nifty- Stiff resistance at 35250, strong support at PDH

23 Ara 2021

Bank Nifty has faced multiple rejections at 35200 level and is unable to break the PDH. Only in case the PDH is broken, will open levels of 34800 & lower. FIIs have probably stayed away from action so there seems to be better staying power. In case FIIs come to sell, we could see a swift slide downwards. Lets see.